5 With Upcoming Ex-Dividend Dates: ATAX, WMC, TRP, MOLXA, HUM

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Tomorrow, Sept. 26, 2013, 90 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 20.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

America First Tax Exempt Investors L.P

Owners of America First Tax Exempt Investors L.P (NASDAQ: ATAX) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $7.05 as of 9:30 a.m. ET, the dividend yield is 7.2%.

The average volume for America First Tax Exempt Investors L.P has been 60,700 shares per day over the past 30 days. America First Tax Exempt Investors L.P has a market cap of $298.6 million and is part of the real estate industry. Shares are up 4.6% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 23.27.

Western Asset Mortgage Capital

Owners of Western Asset Mortgage Capital (NYSE: WMC) shares as of market close today will be eligible for a dividend of 90 cents per share. At a price of $17.60 as of 9:36 a.m. ET, the dividend yield is 20.9%.

The average volume for Western Asset Mortgage Capital has been 594,700 shares per day over the past 30 days. Western Asset Mortgage Capital has a market cap of $418.0 million and is part of the real estate industry. Shares are down 13% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

TransCanada

Owners of TransCanada (NYSE: TRP) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $44.24 as of 9:35 a.m. ET, the dividend yield is 4%.

The average volume for TransCanada has been 469,900 shares per day over the past 30 days. TransCanada has a market cap of $31.5 billion and is part of the utilities industry. Shares are down 5.8% year to date as of the close of trading on Tuesday.

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TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. The company has a P/E ratio of 22.29.

TheStreet Ratings rates TransCanada as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full TransCanada Ratings Report now.

Molex

Owners of Molex (NASDAQ: MOLXA) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $38.45 as of 9:32 a.m. ET, the dividend yield is 2.5%.

The average volume for Molex has been 900,800 shares per day over the past 30 days. Molex has a market cap of $3.2 billion and is part of the electronics industry. Shares are up 72.4% year to date as of the close of trading on Tuesday.

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Molex Incorporated, together with its subsidiaries, engages in the design, manufacture, and sale of electronic components worldwide. It operates in two segments, Connector, and Custom and Electrical. The company has a P/E ratio of 28.30.

TheStreet Ratings rates Molex as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Molex Ratings Report now.

Humana

Owners of Humana (NYSE: HUM) shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $96.20 as of 9:35 a.m. ET, the dividend yield is 1.1%.

The average volume for Humana has been 1.0 million shares per day over the past 30 days. Humana has a market cap of $14.9 billion and is part of the health services industry. Shares are up 38.8% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Humana Inc., a health care company, offers a range of insurance products, and health and wellness services that incorporate an integrated approach to lifelong well-being. The company operates in three segments: Retail, Employer Group, and Healthcare Services. The company has a P/E ratio of 10.14.

TheStreet Ratings rates Humana as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Humana Ratings Report now.

More About Dividends:

One benefit of owning a stock is the potential that you will be paid a dividend. The distribution of dividend payments is another way for a company to share its profit with you. A dividend means that the company pays you a certain amount of money, either as a one-time payment or more commonly on a quarterly basis, for each share of stock you own.

Many times, dividends come at the expense of greater price appreciation, because the company is distributing its profits to shareholders rather than reinvesting the profits back into the growth of the company. However, companies that pay dividends can be very attractive to investors when they offer a steady stream of income. There are some important terms and dates an investor should be familiar with before purchasing any dividend-paying companies. Let's work through an example to help better explain some of these terms:

On March 1, ABC Widget Company has decided that because it holds excess cash and lacks investment opportunities, it would like to reward shareholders with a regular quarterly dividend payment. The date for this particular announcement is known as the declaration date. It is on this date that the company announces the specific dividend payment along with the holder of record date (aka record date) and the payment date. The company announces that a dividend payment of 25 cents per share will be payable March 31, 2012 (the payment date) to all shareholders of record at the close of business on March 16, 2012 (holder of record date). What does this all mean? Well the short story is that the company looks at its records on March 16 and anyone listed on the books as an owner of ABC Widget company will be eligible for the dividend payment (on March 31).

The one other important term to remember is the ex-dividend date. The ex-dividend date (typically two trading days before the holder of record date for U.S. securities) is the day in which a company begins trading without the dividend. In order to have a claim on a dividend, shares must be purchased no later than the last business day before the ex-dividend date. A company trading ex-dividend will have the upcoming dividend subtracted from the share price at the start of the trading day. Many times, the price of a stock will increase in anticipation of the upcoming dividend as the ex-dividend date approaches, yet will fall back by the amount of the dividend on the ex-dividend date.

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